JNK vs. DADS

Last updated Aug 6, 2026

JNK (State Street SPDR Bloomberg High Yield Bond ETF) and DADS (Digital Asset Debt Strategy ETF) are both High Yield Bonds funds. JNK is passively managed, while DADS is actively managed. Over the past year, JNK returned 5.70% vs 4.83% for DADS. Their 0.53 correlation means they have sometimes moved together and sometimes differently. JNK charges 0.40%/yr vs 1.04%/yr for DADS.

Performance

JNK vs. DADS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR Bloomberg High Yield Bond ETF (JNK) and Digital Asset Debt Strategy ETF (DADS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JNK achieves a 2.29% return, which is significantly lower than DADS's 8.52% return.

JNK

• 1D: -0.08%
• 1M: 0.05%
• 6M: 1.81%
• YTD: 2.29%
• 1Y: 5.70%
• 3Y*: 8.43%
• 5Y*: 3.68%
• 10Y*: 4.71%
• ALL TIME*: 4.99%

DADS

• 1D: -0.87%
• 1M: -1.38%
• 6M: 6.83%
• YTD: 8.52%
• 1Y: 4.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DADS Digital Asset Debt Strategy ETF	$74.38K	$151.08K	$90.52K
JNK State Street SPDR Bloomberg High Yield Bond ETF	$285.66M	$248.57M	$267.01M

JNK vs. DADS - Yearly Performance Comparison

	2026 (YTD)	2025
JNK State Street SPDR Bloomberg High Yield Bond ETF	2.29%	3.26%
DADS Digital Asset Debt Strategy ETF	8.52%	-3.21%

Correlation

The correlation between JNK and DADS is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.53
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025	0.53

The correlation between JNK and DADS has been stable across timeframes, ranging from 0.53 to 0.53 - a consistent structural relationship.

Return for Risk

JNK vs. DADS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JNK

JNK Risk / Return Rank: 59
JNK Sharpe Ratio Rank: 53
JNK Sortino Ratio Rank: 58
JNK Omega Ratio Rank: 55
JNK Calmar Ratio Rank: 56
JNK Martin Ratio Rank: 71

DADS

DADS Risk / Return Rank: 14
DADS Sharpe Ratio Rank: 15
DADS Sortino Ratio Rank: 15
DADS Omega Ratio Rank: 14
DADS Calmar Ratio Rank: 14
DADS Martin Ratio Rank: 14

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JNK vs. DADS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Bloomberg High Yield Bond ETF (JNK) and Digital Asset Debt Strategy ETF (DADS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	JNK	DADS	Difference
Sharpe ratio: Return per unit of total volatility	1.49	0.27	+1.22
Sortino ratio: Return per unit of downside risk	2.27	0.49	+1.78
Omega ratio: Gain probability vs. loss probability	1.28	1.06	+0.22
Calmar ratio: Return relative to maximum drawdown	2.28	0.28	+2.00
Martin ratio: Return relative to average drawdown	9.89	0.54	+9.35

JNK vs. DADS - Sharpe Ratio Comparison

The current JNK Sharpe Ratio is 1.49, which is higher than the DADS Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of JNK and DADS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JNK vs. DADS - Drawdown Comparison

The maximum JNK drawdown since its inception was -38.48%, which is greater than DADS's maximum drawdown of -17.07%. Use the drawdown chart below to compare losses from any high point for JNK and DADS.

Drawdown Indicators

	JNK	DADS	Difference
Max Drawdown Largest peak-to-trough decline	-38.48%	-17.07%	-21.41%
Max Drawdown (1Y) Largest decline over 1 year	-2.51%	-17.07%	+14.56%
Max Drawdown (3Y) Largest decline over 3 years	-5.02%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.67%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-22.89%	—	—
Current Drawdown Current decline from peak	-0.08%	-7.75%	+7.67%
Average Drawdown Average peak-to-trough decline	-3.67%	-7.37%	+3.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.58%	8.99%	-8.41%

Volatility

JNK vs. DADS - Volatility Comparison

The current volatility for State Street SPDR Bloomberg High Yield Bond ETF (JNK) is 0.83%, while Digital Asset Debt Strategy ETF (DADS) has a volatility of 5.72%. This indicates that JNK experiences smaller price fluctuations and is considered to be less risky than DADS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JNK	DADS	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.83%	5.72%	-4.89%
Volatility (6M) Calculated over the trailing 6-month period	3.12%	13.46%	-10.34%
Volatility (1Y) Calculated over the trailing 1-year period	3.84%	17.87%	-14.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.55%	17.87%	-10.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.22%	17.87%	-9.65%

JNK vs. DADS - Expense Ratio Comparison

JNK has a 0.40% expense ratio, which is lower than DADS's 1.04% expense ratio.

Dividends

JNK vs. DADS - Dividend Comparison

JNK's dividend yield for the trailing twelve months is around 6.62%, more than DADS's 4.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DADS Digital Asset Debt Strategy ETF	4.74%	1.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JNK State Street SPDR Bloomberg High Yield Bond ETF	6.62%	6.54%	6.63%	6.38%	6.06%	4.27%	5.11%	5.44%	5.90%	5.60%	6.06%	6.59%

Frequently Asked Questions

Can I hold both JNK and DADS in my portfolio?

JNK and DADS have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JNK or DADS?

DADS has higher volatility (5.72%) compared to JNK (0.83%). In terms of maximum drawdown, JNK dropped -38.48% vs DADS's -17.07%.

Which ETF is better, JNK or DADS?

On 1-year performance, JNK leads with 5.70% vs 4.83% for DADS. On fees, JNK is cheaper at 0.40% per year. On volatility, JNK has been the lower-risk option at 0.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JNK or DADS?

Over the 1-year period, JNK has performed better with a 5.70% return vs 4.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JNK or DADS?

JNK is cheaper with a 0.40% expense ratio, compared with 1.04% for DADS.

Which ETF pays a higher dividend yield, JNK or DADS?

JNK has the higher dividend yield at 6.62%, compared with 4.74% for DADS.

What is the main difference between JNK and DADS?

They also come from different issuers: State Street and AlphaBit. Their fees differ too: 0.40% for JNK and 1.04% for DADS.

Which has better risk-adjusted returns?

JNK currently has the higher Sharpe Ratio (1.49 vs 0.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.